Lahore, January 25, 2016 (PPI-OT): LSE Financial Services Ltd. (formerly: Lahore Stock Exchange Ltd.), under its new role as NBFC, has signed its agreement with M/s. Bil Food Ltd., for provision of financial advisory and funds arrangement services. The signing ceremony which was held today at Lahore was attended by the directors of both the companies.
Speaking on the occasion, Mr. Aftab Ahmad Ch., MD/CEO of LSE Financial Services Ltd. stated that after integration of the Stock Exchange business, former Lahore Stock Exchange has been converted into a NBFC under the new name and has been licensed to carry out Investment Finance Services. He stated that under the agreement LSE Financial Services Ltd. shall revamp the business plan of M/s. Bil Food and subsequently arrange private placement of the shares for the growth of the Company’s business.
Mr. Amer Kamal, CEO of Bil Food briefed that the Company has the business plan for acquisition of various master franchises of food chains in Pakistan. He hoped that having established a strong footprint in the QSR segment through establishment of the ‘Fat Burger’ franchise in Pakistan, Buffalo cafe and recently acquired Master Franchise rights of developing Texas Chicken brand in Pakistan. He showed confidence that with the services provided by LSE Financial Services Ltd., the Company’s product pipeline would be further extended.
For more information, contact:
Barkat Ali Anjum
Deputy Manager-Media and Public Relations Department
Lahore Stock Exchange-Financial Services Limited
(Formerly Lahore Stock Exchange Limited)
Lahore Stock Exchange Building,
19, Khayaban-e-Aiwan-e-Iqbal, P. O. Box: 1315,
Lahore – 54000, Pakistan